Browsing: 2022

Bamburi

Kenya’s Cement Maker EAPC makes $8Mn losses in six months

Investing
  • East African Portland Cement (EAPC) has made $8 million in the six months December 31, 2022 a 11 percent drop in losses. 
  • The firm attributed the loss to increased competition, depreciation of the Kenyan shilling against the US Dollar and increased energy costs which countered gains from plant efficiencies and cost containment measures. 
  • The firm however registered a $5 million increase in revenues do to improvement in cement production owing to the completion of the first phase of the plant refurbishment completed in September, 2022. 

East African Portland Cement (EAPC) has made $8 million loss in the six months December 31, 2022 a 11 percent drop in losses compared to $9 million loss recorded in the same period in 2021. 

The firm attributed the loss to increased competition, depreciation of the Kenyan  shilling against the US Dollar and increased energy costs which countered gains from plant efficiencies and cost containment …

Investment themes for Southern Africa in 2022

Africa

This comes as the IMF has downgraded economic prospects for countries in this cluster. The downgrades have, however, been offset relatively by projections for some commodity producers and exporters that were upgraded on the back of rising commodity prices.

The economic prospects between wealthy nations and low-income countries are expected to be divergent and this divergence will remain of great concern to multilateral lenders and world leaders. In wealthy nations, for example, aggregate output for the cluster economies is expected to regain its pre-pandemic trend path in 2022 and exceed it by 0.9% in 2024 whereas the cluster of nations comprise emerging markets and developing economies (excluding China) will remain 5.5% below their pre-pandemic forecasts in 2024.

This event should it occur as forecast will set back improvements in living standards.…

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